Analysts Michaël van de Poppe and Daan Crypto Trades emphasize the need to clear major levels for the next leg of the bull run.
Ethereum struggles to surpass $2,700, with $2,850 identified as a critical barrier holding significant liquidity for a breakout.
Daan Crypto Trades focuses on the total altcoin market cap excluding Bitcoin, highlighting the importance of reclaiming the 2024 high level.
The coming days are crucial for Ethereum to break above $2,850 and the altcoin market cap to surpass $1.23 trillion resistance, as failure could reinforce bearish patterns.